Final answer:
In corporate governance, C. accountability is the process of auditing and improving organizational decisions and actions. It involves holding individuals or groups responsible for their actions and ensuring.
Step-by-step explanation:
In corporate governance, C. accountability is the process of auditing and improving organizational decisions and actions.
It involves holding individuals or groups responsible for their actions and ensuring that they act in the best interests of the organization and its stakeholders.
Accountability can be enforced through various mechanisms such as monitoring, reporting, and control mechanisms.
For example, the board of directors plays a crucial role in holding top executives accountable for their decisions by overseeing their actions and ensuring they align with the organization's goals.
Auditing firms also contribute to accountability by independently reviewing the company's financial records and certifying their accuracy.
Finally, outside investors who invest large sums in the company can hold it accountable by demanding transparent and accurate financial information.